The Financial Conduct Authority (FCA) has proposed a three-month temporary payment freeze on loan and credit card repayments to help consumers cope with the “unprecedented financial shock” triggered by the COVID-10 coronavirus lockdown.
Auto Trader’s board will forego at least half of their wages as many staff become “furloughed workers” as part of its COVID-19 coronavirus impact mitigation measures.
Imperial Cars operations director Neil Smith has set-up social media discussion and support forums to allow car retailers to discuss business issues and advice via LinkedIn and WhatsApp.
As Coronavirus is expected to cause an economic downturn of up to 3% per month, CDK, CitNOW and RAPID RTC take action to help their dealer customers.
The 2020 Paris Motor Show will not take place this year as planned, due to the global Coronavirus outbreak.
PSA Group managing director Alison Jones has revealed that strategic planning for the Citroen, DS Automobiles and Peugeot brands has been modelled on a 96% potential decline in new car sales during the UK's coronavirus lockdown.
Car production forecasts from the Society of Motor Manufacturers and Traders (SMMT) have suggested that UK auto output will fall by 200,000 to just below 1.1 million because of plant shutdowns caused by the COVID-19 coronavirus - representing an 18% fall in output this year.
Car retailers are continuing to respond to customer enquiries despite the coronavirus-prompted closure of showroom across the UK, data published by Dealerweb has revealed.
Marshall Motors and Vertu Motors bosses Daksh Gupta and Robert Forrester have recognised the efforts of their car retail workforce to support the NHS and other key workers during the coronavirus lockdown period.
A petition arguing that commission payments from car sales should be included in the Government’s Coronavirus Job Retention Scheme wage calculations has attracted almost 8,000 signatures in less than two days.
The Independent Garage Association (IGA) has raised concerns with the Government regarding the impact of extending MoT expiry dates for six months.
Motorpoint chief executive Mark Carpenter has vowed to give-up his own income from the used car supermarket business in order to top-up the wages of ‘furloughed’ staff during the COVID-19 coronavirus lockdown.
Mitchell Group owner and AM Awards 2020’s Business Leader of the Year, Mark Mitchell, has given a temporary home to contagious diseases specialists who travelled from Africa to aid the UK’s fight against coronavirus.
Car retail staff will be among the UK employees whose commission-led monthly salaries will be detrimental to their income as “furloughed workers” as part of the Government’s Coronavirus Job Retention Scheme.
Car buyers are more likely to buy a new car from dealer stock as concerns over new car availability and delivery times sway consumer purchase decisions, according to Carwow.
Used car values declined 2.2% in March as retail and trade demand fell due to the Covid-19 coronavirus crisis, according to Cap HPI.
Car dealerships, garages and automotive suppliers are working hard to support the most vulnerable in society and the nation’s key workers, during the Coronavirus lockdown.
MHA MacIntyre Hudson will today host the second in a series of webinars designed to help car dealers adapt and respond to the COVID-19 coronavirus pandemic to minimise the impact on their business.
Car retailers are being urged to embrace social media to engage with car buyers who are taking to the Facebook during the COVID-19 coronavirus lockdown – sparking an 80% rise in online posts.
Dealer group West Way is supporting the fight against Coronavirus by providing two Nissan Navaras to Team Rubicon UK.
